Properly, I assume the overseas auto makers are going to get a cost out of this, particularly after GM, Ford, and Chrysler have made unimaginable market share good points on Toyota and Honda since 2008. After all, the most important good points got here not from direct competitors however from provide chain challenges as a result of flooding in Bangladesh and the big disaster in Japan from the Earthquake and Tsunami. Now nobody needs that on even their worst competitor, and I would add one of many United States’ largest buying and selling companions and the world’s third largest financial system.
Have our various transportation improvements failed us? Did we guess fallacious, wasn’t the Chevy Volt to be America’s comeback? Why did they promote fewer than 10,000 whole models? Vibrant Automotive closed the opposite day, they specialised in Hybrid work vans. Okay so, let’s take a more in-depth look and discuss this lets?
There was an attention-grabbing article lately within the Related Press on February 2, 2012 entitled; “GM to droop manufacturing of Chevy Volt,” by Brent Snavely and The Detroit Free Press. The article acknowledged; “GM has informed 1,300 staff at its Detroit Hamtramck plant that they are going to be quickly laid off for 5 weeks as the corporate halts manufacturing of the Chevy Volt and its European counterpart, the Opel Ampera. “Even with gross sales up in February over January, we’re nonetheless in search of to align our manufacturing with demand.”
All, I can say is ouch, a lot for the so-called promise of different power autos, however actually as a coordinator for a assume tank which occurs to function on-line I have to say that I’m not all that shocked, on the lackluster gross sales of the Volt or the fact that nobody a lot likes it. There are such a lot of points with that “groupthink” innovation in vehicles that I barely know the place to begin?
Battery Tech Not There But
Lithium Provides and Prices
Shoppers Do not Need Expensive Vehicles
ROI Even at $5 per Gallon is not Doable
The Automobile is Not That Fairly, Hardly Horny at All
I would say these are the foremost points, however there are numerous extra, as an illustration the media assault after one of many Chevy Volt’s caught on hearth, and the specter of class-action lawsuits and/or returning the vehicles, and refunding all the cash. The R&D Prices have been large, and it was an amazing threat, however the value level wasn’t there, and the automotive wasn’t a lot better than the Toyota Prius which simply had its 11-year anniversary.
Now, Toyota did not make any cash on the Prius both, and it by no means actually revolutionized the auto business, whilst oil costs have been at $150 a barrel, oh positive they bought some extra for these months, however the gross sales weren’t like hitting the ball out of the park. Hybrids as soon as once more with the lights turned off and the Chevy Volt manufacturing unit darkish.